Vitalik Buterin has criticized the current meme frenzy. But, he feels that the trend could positively impact charities and on-chain games.
has always made his stand against memecoins. Penning his misgivings on the booming sector in the current bull cycle, he highlighted;
“This time, they are heating up again, but in a way that is making many people feel uneasy because there isn’t anything particularly new and interesting about the memecoins.” “Apparently a bunch of Solana memecoins have recently been openly super-racist. And even the non-racist memecoins often seem to just go up and down in price and contribute nothing of value in their wake.”
The founder emphasized that he has “zero enthusiasm for coins named after totalitarian political movements, scams, rug pulls..”He stressed that projects can drive fun and value at the same time. He proposed that memecoins can be helpful in charity or on-chain games. Buterin has gifted millions of memecoins to charities and non-profit organizations in the past. For instance, he was recently shocked after his gift ofBeyond charity, Buterin proposed using memecoins in on-chain games, especially to elevate low-income users, citing the Axie Infinity case in Southeast Asia.“At the least, more good memecoins than bad ones, ideally those that support public goods instead of just enriching insiders and creators.
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